GCF-1

Resource mobilisation

Contributors Explorer

GCF's first replenishment

Amount announced $ 10 billion
Amount confirmed $ 9.9 billion

GCF’s first replenishment (2020-2023) is an important element of the financial commitments needed to deliver the UNFCCC and its Paris Agreement. This first replenishment is part of a long-term vision for the Fund, building it up to become a major global instrument for channeling public climate finance to mobilise the larger shifts in global financial flows required to achieve the Paris Agreement goals.

At its 33rd meeting in July 2022, the GCF Board launched the process for the Fund's second replenishment (GCF-2).

Bruno Le Maire
French Minister of the Economy and Finance

Process

The replenishment process has been structured around two consultation meetings – in Oslo, Norway, 4-5 April 2019 and Ottawa, Canada, 29-30 August 2019 – and a Pledging Conference on 24-25 October 2019, hosted in Paris, France. The Board appointed Mr Johannes F. Linn as the global facilitator to guide the replenishment process towards a successful outcome.

Documents consulted during the process

Pledging conference (Paris, France / 24-25 Oct 2019)
- GCF First Replenishment (GCF-1): Replenishment Summary Report
- Summation by the Global Facilitator – First Replenishment of the Green Climate Fund High-Level Pledging Conference
Second Consultation Meeting (Ottawa, Canada / 29-30 Aug 2019)
First Consultation Meeting (Oslo, Norway / 4-5 Apr 2019)
Initial Organizational Meeting (Bonn, Germany / 22-23 Nov 2018)
- Summary of Board decisions necessary to guide decisions relevant to the first formal replenishment
- Chairs' Summary of Initial Organizational Meeting
Initial Resource Mobilization Process (2014)
- Outcome of the First and Second Meetings of Interested Contributors to the Initial Resource Mobilization Process
- Outcome of the First GCF Pledging Conferences and Pledges as of December 31, 2014

Contributions

The twenty-fourth meeting of GCF Board (B.24) welcomed the successful conclusion of the first formal replenishment process of GCF. Pledges have been made by 31 contributors totaling USD 9.9 billion equivalent. The amount pledged exceeds the USD 9.3 billion announced at the Fund's previous pledging conference in 2014, even though some contributors have yet to pledge.

As of 19 August 2022, 34 contributors have pledged USD 10 billion for GCF-1. Over 70 percent of contributors have increased their pledges in national currency compared to the Initial Resource Mobilization period, and half of the contributors have doubled their pledges or more. All 34 contributors have confirmed 100 percent of their pledges and signed contribution agreements/arrangements, amounting to USD 9.87 billion equivalent in nominal terms.

Contributions by state

Austria

Announced:

$146.41 M

Credits:

$6.11 M

Confirmed:

$146.41 M

Announced per capita:

$16.45

Emissions per capita:

6.90
Belgium

Announced:

$112.62 M

Credits:

$4.27 M

Confirmed:

$112.62 M

Announced per capita:

$9.79

Emissions per capita:

8.30
Bulgaria

Announced:

$0.08 M

Credits:

< $0.01 M

Confirmed:

$0.08 M

Announced per capita:

$0.01

Emissions per capita:

5.9
Canada

Announced:

$225.53 M

Credits:

$4.60 M

Confirmed:

$225.53 M

Announced per capita:

$6.00

Emissions per capita:

15.20
Denmark

Announced:

$120.69 M

Credits:

$5.30 M

Confirmed:

$120.69 M

Announced per capita:

$20.76

Emissions per capita:

5.90
Finland

Announced:

$112.62 M

Credits:

$2.27 M

Confirmed:

$112.62 M

Announced per capita:

$20.35

Emissions per capita:

8.70
France

Announced:

$1,743.38 M

Credits:

$51.37 M

Confirmed:

$1,743.38 M

Announced per capita:

$25.81

Emissions per capita:

4.50
Germany

Announced:

$1,689.32 M

Credits:

$0.43 M

Confirmed:

$1,689.32 M

Announced per capita:

$20.28

Emissions per capita:

8.90
Hungary

Announced:

$0.70 M

Credits:

$0.04 M

Confirmed:

$0.70 M

Announced per capita:

$0.07

Emissions per capita:

4.30
Iceland

Announced:

$2.80 M

Credits:

$0.07 M

Confirmed:

$2.80 M

Announced per capita:

$7.77

Emissions per capita:

6.20
Indonesia

Announced:

$0.50 M

Credits:

$0.02 M

Confirmed:

$0.50 M

Announced per capita:

< $0.01

Emissions per capita:

1.80
Ireland

Announced:

$18.02 M

Credits:

$0.65 M

Confirmed:

$18.02 M

Announced per capita:

$3.64

Emissions per capita:

7.30
Italy

Announced:

$337.86 M

Credits:

-

Confirmed:

$337.86 M

Announced per capita:

$5.64

Emissions per capita:

5.30
Japan

Announced:

$1,500.00 M

Credits:

$21.25 M

Confirmed:

$1,500.00 M

Announced per capita:

$11.85

Emissions per capita:

9.50
Liechtenstein

Announced:

$0.25 M

Credits:

$0.01 M

Confirmed:

$0.25 M

Announced per capita:

$6.50

Emissions per capita:

3.7
Luxembourg

Announced:

$45.05 M

Credits:

$1.29 M

Confirmed:

$45.05 M

Announced per capita:

$72.48

Emissions per capita:

17.40
Malta

Announced:

$0.90 M

Credits:

$0.02 M

Confirmed:

$0.90 M

Announced per capita:

$1.78

Emissions per capita:

3.3
Monaco

Announced:

$4.22 M

Credits:

$0.17 M

Confirmed:

$4.22 M

Announced per capita:

$113.77

Emissions per capita:

-
Netherlands

Announced:

$135.15 M

Credits:

$4.91 M

Confirmed:

$135.15 M

Announced per capita:

$7.77

Emissions per capita:

9.90
New Zealand

Announced:

$10.05 M

Credits:

$0.60 M

Confirmed:

$10.05 M

Announced per capita:

$2.02

Emissions per capita:

7.70
Norway

Announced:

$417.48 M

Credits:

$16.67 M

Confirmed:

$417.48 M

Announced per capita:

$78.10

Emissions per capita:

9.30
Poland

Announced:

$3.00 M

Credits:

$0.18 M

Confirmed:

$3.00 M

Announced per capita:

$0.08

Emissions per capita:

7.50
Portugal

Announced:

$1.13 M

Credits:

$0.07 M

Confirmed:

$1.13 M

Announced per capita:

$0.11

Emissions per capita:

4.30
Republic of Korea

Announced:

$200.00 M

Credits:

-

Confirmed:

$200.00 M

Announced per capita:

$3.86

Emissions per capita:

11.60
Romania

Announced:

$0.06 M

Credits:

< $0.01 M

Confirmed:

$0.06 M

Announced per capita:

< $0.01

Emissions per capita:

3.6
Russian Federation

Announced:

$10.00 M

Credits:

$0.46 M

Confirmed:

$10.00 M

Announced per capita:

$0.07

Emissions per capita:

11.90
Slovakia

Announced:

$2.25 M

Credits:

$0.06 M

Confirmed:

$2.25 M

Announced per capita:

$0.41

Emissions per capita:

5.70
Slovenia

Announced:

$1.13 M

Credits:

$0.07 M

Confirmed:

$1.13 M

Announced per capita:

$0.54

Emissions per capita:

6.20
Spain

Announced:

$168.93 M

Credits:

$7.55 M

Confirmed:

$168.93 M

Announced per capita:

$3.58

Emissions per capita:

5.00
Sweden

Announced:

$852.55 M

Credits:

-

Confirmed:

$852.55 M

Announced per capita:

$82.97

Emissions per capita:

4.50
Switzerland

Announced:

$150.00 M

Credits:

$5.45 M

Confirmed:

$150.00 M

Announced per capita:

$17.49

Emissions per capita:

4.30
United Kingdom

Announced:

$1,851.88 M

Credits:

-

Confirmed:

$1,851.88 M

Announced per capita:

$27.62

Emissions per capita:

6.50

- United States dollars equivalent (USD eq.) based on the reference exchange rates established for the First Replenishment (GCF/B.24/11).
- As per the Policy for Contribution approved at B.24 (Decision B.24/02) para 26, a notional credit has been applied to the pledges made by Contributors who have indicated to make payments in advance of the standard schedule.
- Announced per capita and emission per capita figures are based on the latest available population and emissions data from the World Bank and other sources.

Contributions by regional government

Brussels Capital Region (Belgium)

Announced:

$1.13 M

Credits:

$0.07 M

Confirmed:

$1.13 M

Announced per capita:

$0.93

Emissions per capita:

6.1
Wallonia (Belgium)

Announced:

$1.80 M

Credits:

$0.06 M

Confirmed:

$1.80 M

Announced per capita:

$0.48

Emissions per capita:

2.4